Virtu Financial LLC bought a new stake in Hartford Financial Services Group Inc (NYSE:HIG) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,826 shares of the insurance provider’s stock, valued at approximately $591,000.

Several other hedge funds also recently bought and sold shares of HIG. Panagora Asset Management Inc. grew its stake in Hartford Financial Services Group by 2,405.4% during the 3rd quarter. Panagora Asset Management Inc. now owns 408,935 shares of the insurance provider’s stock valued at $20,430,000 after purchasing an additional 392,613 shares in the last quarter. Carillon Tower Advisers Inc. grew its stake in Hartford Financial Services Group by 42.8% during the 3rd quarter. Carillon Tower Advisers Inc. now owns 387,875 shares of the insurance provider’s stock valued at $19,378,000 after purchasing an additional 116,275 shares in the last quarter. Carret Asset Management LLC grew its stake in Hartford Financial Services Group by 4.7% during the 3rd quarter. Carret Asset Management LLC now owns 80,360 shares of the insurance provider’s stock valued at $4,015,000 after purchasing an additional 3,595 shares in the last quarter. Credit Suisse AG grew its stake in Hartford Financial Services Group by 25.7% during the 3rd quarter. Credit Suisse AG now owns 690,143 shares of the insurance provider’s stock valued at $34,479,000 after purchasing an additional 140,942 shares in the last quarter. Finally, Schroder Investment Management Group grew its position in shares of Hartford Financial Services Group by 250.3% in the 3rd quarter. Schroder Investment Management Group now owns 21,721 shares of the insurance provider’s stock worth $1,085,000 after acquiring an additional 15,520 shares in the last quarter. Institutional investors and hedge funds own 89.39% of the company’s stock.

HIG has been the subject of several research reports. Zacks Investment Research lowered Hartford Financial Services Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 5th. Buckingham Research set a $58.00 target price on Hartford Financial Services Group and gave the stock a “buy” rating in a research report on Monday, October 29th. Janney Montgomery Scott upgraded Hartford Financial Services Group from a “neutral” rating to a “buy” rating in a research report on Tuesday. Credit Suisse Group set a $56.00 target price on Hartford Financial Services Group and gave the stock a “hold” rating in a research report on Wednesday, November 14th. Finally, Wells Fargo & Co set a $53.00 target price on Hartford Financial Services Group and gave the stock a “hold” rating in a research report on Thursday, November 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $57.00.

In related news, EVP David C. Robinson sold 2,395 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $45.62, for a total value of $109,259.90. Following the sale, the executive vice president now owns 19,003 shares of the company’s stock, valued at approximately $866,916.86. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

Shares of NYSE HIG opened at $41.63 on Friday. The company has a market capitalization of $15.19 billion, a P/E ratio of 15.19, a P/E/G ratio of 0.98 and a beta of 0.92. Hartford Financial Services Group Inc has a 12-month low of $41.13 and a 12-month high of $59.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 0.29.

Hartford Financial Services Group (NYSE:HIG) last announced its quarterly earnings results on Thursday, October 25th. The insurance provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.11. The business had revenue of $4.80 billion for the quarter. Hartford Financial Services Group had a positive return on equity of 12.20% and a negative net margin of 11.09%. On average, research analysts forecast that Hartford Financial Services Group Inc will post 4.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 3rd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Friday, November 30th. Hartford Financial Services Group’s dividend payout ratio (DPR) is 43.80%.

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About Hartford Financial Services Group

The Hartford Financial Services Group, Inc, through its subsidiaries, provides insurance and financial services to individual and business customers in the United States. It operates through five segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, and Mutual Funds.

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Institutional Ownership by Quarter for Hartford Financial Services Group (NYSE:HIG)

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